Cineplex (TSE:CGX) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Cineplex Inc. (TSE:CGX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.75 and traded as high as C$11.60. Cineplex shares last traded at C$11.33, with a volume of 231,251 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$14.00 to C$11.00 in a report on Thursday, April 10th. National Bankshares dropped their price target on shares of Cineplex from C$15.00 to C$13.50 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Cineplex from C$13.00 to C$14.00 in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$18.79.

Cineplex Stock Performance

The company has a debt-to-equity ratio of -4,623.78, a quick ratio of 0.22 and a current ratio of 0.43. The stock's 50 day moving average price is C$10.04 and its 200 day moving average price is C$10.77. The company has a market capitalization of C$724.98 million, a P/E ratio of -19.32, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74.

Cineplex Company Profile

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.